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CFL Financial location Level 9, 360 Queen Street Brisbane, QLD 4000
fax CFL Financial 07 3328 8999
phone CFL Financial 07 3328 8988
Email CFL Financial mail@cflfinancial.com.au

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Retirement-in style

Retire in style checklist™

There are a few reasons why Business Owners need a Retire In Style Checklist

If you’re a successful and Motivated business owner, and want to set yourself up for retirement, this guide would be perfect for you. My clients who follow these 3 simple steps live with comfort, security and the peace of mind that financial success brings.

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The Retirement Prosperity Guide™

Make sure you don’t miss out on the Retirement Prosperity Guide

If you’re a busy Professional and you feel like you’re not building your wealth fast enough and you want smarter ways to utilise your cash flow, this guide is perfect for you. Clients who have used our strategies have the peace-of-mind knowing they have a ‘game plan’ for financial abundance.

Choosing the right bank account for your business

Posted on Jun 26, 2014 by CFL Financial

There are many advantages associated with having a specialised business banking account. It allows you to keep track of your cash flow accurately, easily produce proof of expenses in the event of an audit and can be helpful when making business decisions.

Unfortunately, it is hard to avoid fees on small business banking accounts. It is often worth taking a close look at the business banking products on offer and considering whether it might be in your best interests to pay slightly higher fees to ensure that you have all of the functionality that you require.

Generally speaking there is a trade-off between a high interest rate and low fees, you cannot have both. High interest accounts tend to have a cap on the number of transactions that can be made, with additional fees being charged if you need to make additional transactions.

If you are diligent enough to keep separate business banking accounts then the best strategy can be to have two accounts. One can be used for day to day transactions and will attract little interest. The other can be a high interest account in which you put aside larger sums of money, for example, your PAYG or super contributions.

Take the time to examine the fee schedule associated with the account you are considering. Many banks do have hidden fees, such as a charge for a teller operation or annual business credit card fees.

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Retirement-in style

Retire in style checklist™

There are a few reasons why Business Owners need a Retire In Style Checklist

If you’re a successful and Motivated business owner, and want to set yourself up for retirement, this guide would be perfect for you. My clients who follow these 3 simple steps live with comfort, security and the peace of mind that financial success brings.

Retirement-prosperity-thumbnail

The Retirement Prosperity Guide™

Make sure you don’t miss out on the Retirement Prosperity Guide

If you’re a busy Professional and you feel like you’re not building your wealth fast enough and you want smarter ways to utilise your cash flow, this guide is perfect for you. Clients who have used our strategies have the peace-of-mind knowing they have a ‘game plan’ for financial abundance.

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Email:
Phone: 07 3328 8988
Fax: 07 3328 8999

Office Location:
Level 9, 360 Queen Street
Brisbane
QLD 4000

Postal Address:
GPO Box 2468,
Brisbane,
QLD, 4001

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